Government of Delhi Notifies Revised Minimum Wages
The Government of National Capital Territory of Delhi in its order dated 23rd October 2019 , has revised the minimum wages for unskilled and skilled workers.
SEBI tightens due diligence process for share dematerialization
SEBI on November 5 asked listed companies to compile and submit data about shareholders holding shares in physical form to depositories by December 31, as part of strengthening the due diligence process.
SEBI issues clarifications on insider trading: clarifies the data to be maintained on designated persons
The Securities Exchange Board of India on 4th November, 2019 has published a set of frequently asked questions and clarifications on the Prevention of Insider Trading Regulations, 2015 (PIT). SEBI has clarified the data to be maintained on designated persons and intermediaries/fiduciaries by the company.
SEBI issues Operational Guidelines for FPIs & DDPs
SEBI has issued a set of operational guidelines under Regulation 44 of the SEBI (Foreign Portfolio Investors) Regulations, 2019 to ensure efficient transition from SEBI (Foreign Portfolio Investors) Regulations, 2014 and to operationalise the new Regulations.
SEBI issues circular on Adhaar e-KYC for investors
The Securities and Exchange Board of India on 5th November 2019 has issued a detailed circular regarding the process to be followed for Aadhar-based electronic KYC for investors (resident) in the securities market.
The Government of Andhra Pradesh notifies a site for common Hazardous and Other Waste Treatment Storage and Disposal Facility
The Government of Andhra Pradesh in its Gazette notification dated 1st November 2019 has notified a site in Nellore district for storage and disposal of Hazardous waste.
SEBI enhances Governance Norms for Credit Rating Agencies
The securities and exchange board on India has enhanced the governance and accountability of Credit Rating Agencies (CRAs) by modifying its earlier circular dated 1st November 2016 regarding MD/CEO being a member of rating committee.
New amendment to IBBI Regulation to protect the assets of corporate debtors during moratorium period
The Insolvency and Bankruptcy Board of India (IBBI) issues new amendment to regulations to ensure that the essential goods for running a corporate entity is not interrupted during the moratorium period. The IBBI (Insolvency Resolution Process for Corporate Persons)(Fourth Amendment) Regulations, 2019 was issued on October 2019.
IBBI amends its Regulation to clarify the procedure of realizing security interest in a liquidation estate
Insolvency and Bankruptcy Board of India has amended the Insolvency and Bankruptcy Board of India (Liquidation process) Regulations, 2016, (IBBI Regulation) to lay down the payments to be made by a secured creditor, in order to realize his/her security interest in the assets of a corporate insolvent undergoing liquidation.
FSSAI extends date for implementation of FSS (Alcoholic Beverages Standards) Regulations, 2018
The Food Safety and Standards Authority of India vide notification dated 23rd October 2019 has decided to extend the date of implementation of Food Safety and Standards (Alcoholic Beverages Standards) Regulations, 2018 till 31st March, 2020.
